Soybeans were modestly higher on commercial and technical buying. Contracts rebounded a little bit from Wednesday’s losses, with help from mostly higher trade in vegetable oils. China’s soybean oil prices were lower heading into the session, but palm oil was higher, helping to push May U.S. bean oil to a contract high. CONAB raised its estimate for Brazil, up 1% from February and, if realized, 8.2% on the year at a record 135.132 million tons.

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